TD SYNNEX (SNX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - TD SYNNEX reported revenue of $14.68 billion for the quarter ended August 2024, reflecting a year-over-year increase of 5.2% and surpassing the Zacks Consensus Estimate by 4.00% [1] - Earnings per share (EPS) for the quarter was $2.86, up from $2.78 in the same quarter last year, exceeding the consensus EPS estimate of $2.80 by 2.14% [1] Revenue Performance by Region - Revenue from the Americas reached $9.09 billion, exceeding the average estimate of $8.91 billion, marking a year-over-year increase of 2.4% [3] - Revenue from Europe was reported at $4.59 billion, surpassing the estimated $4.32 billion, with an 8.6% increase compared to the previous year [3] - Revenue from the Asia-Pacific and Japan region was $1 billion, exceeding the average estimate of $875.38 million, representing a significant year-over-year growth of 17.6% [3] Stock Performance - Over the past month, TD SYNNEX shares have declined by 4.1%, while the Zacks S&P 500 composite has increased by 1.7% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [4]